Loading...
•
Sep 30, 2022
Edgewell Q4 2022 Earnings Report
Edgewell's Q4 2022 results saw a slight decrease in net sales, while organic net sales increased slightly, and the company provided its financial outlook for fiscal year 2023.
Key Takeaways
Edgewell Personal Care announced its fourth quarter and fiscal year 2022 results, with net sales decreasing by 1.2% to $536.9 million. Organic net sales increased by 1.2% for the quarter. The company provided a fiscal 2023 outlook expecting growth in organic net sales, adjusted EPS and adjusted EBITDA on a constant currency basis.
Fourth quarter net sales were $536.9 million, a decrease of 1.2% compared to the prior year period.
Organic net sales increased 1.2% for the quarter.
GAAP Diluted Earnings Per Share were $0.64 for the fourth quarter.
Adjusted EPS were $0.79 for the fourth quarter.
Edgewell
Edgewell
Edgewell Revenue by Segment
Revenue by Segment
Wet Shave Revenue
CapyFin.comSun and Skin Care Revenue
CapyFin.comFeminine Care Revenue
CapyFin.com Forward Guidance
The Company is providing the following outlook assumptions for fiscal 2023: Reported net sales expected to increase in the range of flat to 2%, Organic net sales expected to increase in the range of 3% to 5%, GAAP EPS expected to be in the range of $1.90 to $2.10, Adjusted EPS expected to be in the range of $2.30 to $2.50, Adjusted EBITDA expected to be in the range of $320 to $335 million.
Positive Outlook
- Reported net sales expected to increase in the range of flat to 2%
- Organic net sales expected to increase in the range of 3% to 5%
- Gross margin is expected to increase approximately 30-basis points, with margin accretion expected in the second half of the fiscal year
- The EPS outlook reflects the impact of estimated share repurchases
- Adjusted EBITDA at constant currency expected to increase 8% at the mid-point of the range
Challenges Ahead
- Includes an estimated 360-basis point negative impact from currency translation
- Adjusted EPS expected to be in the range of $2.30 to $2.50
- Includes an estimated $33 million pre-tax profit, or $0.48 EPS unfavorable impact from foreign currency changes
- Operating margin is expected to decline approximately 30-basis points
- Adjusted EBITDA expected to be in the range of $320 to $335 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income